Federal Review Targets Billions in Consulting Contracts with Top Firms
The Department of Government Efficiency is scrutinizing contracts with 10 major consultancies, raising concerns about job security and industry practices.
- The Department of Government Efficiency (DOGE) has ordered federal agencies to justify contracts with 10 major consulting firms by the March 7 deadline.
- The firms under review, including Deloitte, Accenture, Booz Allen Hamilton, and IBM, collectively earn tens of billions annually from federal contracts.
- Consulting firms heavily reliant on government work, such as Booz Allen Hamilton, which derives 98% of its revenue from these contracts, are particularly concerned about potential cuts.
- Employees at Deloitte and Accenture have expressed fears of job losses, with some firms already tightening internal policies to reduce unstaffed time between projects.
- DOGE's push to cut costs and improve efficiency has sparked debate over the value consultants bring, with some experts predicting shifts in focus rather than significant revenue losses for the industry.
Business Insider 